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Cisco shakes off negative pressure - Analysis - 30-05-2023
Cisco Systems' stock (CISCO) surged in the intraday levels, shaking off negative pressure from the 50-day SMA, and marking a strong profit of 1.69% in the last session, or 83 cents, and settling at 49.86, amid the dominance of the upward correctional short-term trend.
Therefore we expect more gains for the stock, targeting the pivotal resistance of 52.56, provided it settles above the support of 47.65.
Expected trend for today: Bullish
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Midday update for the NZDUSD 30-05-2023
The NZDUSD pair finds solid support at 0.6020 level, to show some slight bullish bias, waiting to get negative motive that assists to push the price to break this level and confirm extending the bearish wave towards 0.5900.
MoreMidday update for the AUDUSD 30-05-2023
The AUDUSD pair returns to test 0.6550 level, and as long as the price is below this level, our bearish overview will remain valid for today, supported by the negative pressure formed by the EMA50, reminding you that we are waiting to visit 0.6460 followed by 0.6400 levels as next main targets.
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Brent oil price trades with strong negativity to start pressing on the key support 75.80, to stop the morning suggested positive scenario and head towards potential decline, and we prefer to stay aside until we get clearer signal for the next trend, through breaking 75.80 support or breaching 76.80 resistance.
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